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could be something you wear on your wrist. cnbc's mandy drury is here with what's moving your money. like a dick tracy watch? >> absolutely. the word is apple is experimenting with designs for a watch-like device that would perform some functions of a smartphone. of course, other companies have introduced various kinds of wearable gage either, you may even have one while you're jogging that measures physical activity, but you have to make that extra leap. it could be quite difficult, because you have to address all kinds of challenges like making the displays more power efficient, and obviously the device would also need to work closely with the iphone as well. >>> all right. only a few more days until valentine's day. cupid is about to give the economy a shot in the arm. >> guess how much the average person is planning to spend this valentine's day? ivities i actually know the answer, but i would have guessed like, what, $50, $60? >> according to big insight, over $130. i was surprised, too. that was on everything, candy, cards, gifts, i don't know, romantic evening out? it is only
drury is here with what's moving your money. good morning, mandy. >> good morning to you, chris. you're absolutely right. from august, no mail on saturday. but packages will continue six days a week, and it's also aimed at saving about $2 billion annually. so all in all, wouldn't you say a good thing. in australia, we've never had saturday mail and it hasn't hurt us. anyway, why is package delivery going to continue? well, it has increased by 14% since 2010, chris. the delivery of letters and other mail, as you can imagine, has been declining with the increasing use of e-mail. also post offices now open on saturdays will remain open on saturdays. and the postmaster general thinks that most americans are going to take this new schedule in stride and be onboard. let's listen in. >> 70% of americans have consistently said that they would support five-day schedule for mail and package delivery given the financial condition of the postal service. >> and also, keep in mind, you know what the post office's biggest problem is, chris? it's not really so much due to the reduced mail flow. it's
to the torino games. >>> a mega merge ser about to take off. mandy drury is here with what's moving your money. cnbc reporting this, a deal between american and us airways pretty close to being done. >> that's absolutely right, chris. and as american airlines and us airways, which by the way is the parent close to reaching a merger agreement in a deal that would create the world's largest airline which is possibly going to be an announcement of the deal in the next couple of weeks. now, the talk here is, chris, that an all stock deal between those two air carriers would be executed as a reorganization plan that takes amr out of chapter 11 bankruptcy protection and the combined company would be worth apparently more than $10 billion. so as we say, we could be getting that finalization of an announcement in the next couple of weeks. we'll have to watch out. >> is another story i know you've been watching, "jansing & co." meets at 5:30 in the morning. i'm going to say we're not always completely awake, but people's eyes bugged open this morning when we heard about this milestone for apple itunes.
. >>> the tax man cometh. there is a new movement to tax internet shopping. mandy drury is here. they seem to become united on stopping the tax-free shopping. they want the cash. >> absolutely. critics on both sides of the aisle have introduced legislation that could force retailers to collect sales taxes in order to end the handicappeds on the brick and mortar stores. it would allow taxes on transactions from within the state so long as the online business has more than $1 million in annual domestic sales. on the flipside, as you can imagine, some tech companies have spoken out and argued that an online sales tax like that would stunt the growth of online retail and some republicans have even said it's basically a tax increase. we'll have to see how it goes and it's quite significant for stocks like amazon. >> and speaking of shopping, that iconic blue box from tiffany's, tiffany's suing costco because of knock-often gaugeme off engagement rings? >> yes. not just recently but apparently for many years. the lawsuit will seek exactly how many rings costco sold and the source of the jewelry
theft. cnbc's mandy drury is here with the details in what's moving your money. this story is getting a lot of traction. >> it is, the obama administration does need to get serious about this. it really is increasing evidence of a campaign not just like one offs but a campaign of cyber stealing and, you're right, it has been linked to the chinese government. they are looking to develop a more aggressive response which could include -- we're talking about the theft of u.s. government data and corporate trade secrets, it could include new measures like fines and other trade actions against apple has confirmed that had has been a victim of the widest known cyber attack on the computers and try to down play the consequences and say no important data was stolen. as yet the full extent of the breach is not entirely clear. what we do no, hackers infected mac computers of apple employees with malicious software that has been designed to attack mac computers and reps for apple say they are working with law enforcement officers to try and find hackers that again they believe could be from china
. >>> the payroll tax and higher gas prices are taking a big chunk out of spending. cnbc's mandy drury is here with what's moving your money. "the wall street journal" reports that worried companies are scrambling to meet changing demand. >> yeah. you're absolutely right, chris. lots of retailers in fact are really trying to adjust to this brave new world if you like. we've got consumers like us. we've all got smaller pay checks right? the 2% payroll tax hike. i think hurts a household with $65,000 in annual income about $1,300 this year. so that's real money. we've got gasoline prices which have jumped nearly 50 cents a gallon in the past month alone. so you've got companies like walmart stocking more of its shelves with cheaper products and smaller sized packages of everything from toilet paper to snacks to diapers you name it, daily necessities. also burger king is cutting its whopper junior sandwich to $1.29 from about $2 and focusing its ads on its value menu items rather than higher priced salads or smoothies and also kraft and meat supplier tyson foods introducing more lower priced prod
is people will do that. >> jane jetson i meant to say. mandy drury, thank you so much. >>> which states have the happiest people tweeting? the university of vermont's mathematicians analyzed the words used in 10 million tweets. vermont fifth happiest on the list, utah is fourth. number three nevada. maine is in second, and people seem to be the most happy on twitter in -- here's a shock -- hawaii. uh, i'm in a timeout because apparently riding the dog like it's a small horse is frowned upon in this establishment! luckily though, ya know, i conceal this bad boy underneath my blanket just so i can get on e-trade. check my investment portfolio, research stocks... wait, why are you taking... oh, i see...solitary. just a man and his thoughts. and a smartphone... with an e-trade app. ♪ nobody knows... [ male announcer ] e-trade. investing unleashed. ♪ they hatin' ♪ patrolling they tryin' to catch me ridin' dirty ♪ ♪ tryin' to catch me ridin' dirty ♪ ♪ tryin' to -- [ woman ] hi there. why do we always have to take your mom's car? [ male announcer ] the security of an iihs top safety p
. >>> a super windfall for new orleans. mandy drury is here with what's moving your money. they're tallying up the numbers but looks like a big windfall. >> this city has obviously been really hoping for a big economic boost from the super bowl although the power outage may not help its reputation going forward. nonetheless, tallying up the numbers, we're not completely tallied up yet, but over 150,000 people were expected to have visited the city with hotel revenue up 100%, all in an estimated $432 million boost plus of course all the parties and events and all the things surrounding the super bowl as well. if indeed that is the amount that it comes to, it is $100 million more than the indianapolis super bowl, that indianapolis netted last year. it is nonetheless, less than the estimated $600 million that the dallas area drew back in 2011. but you know what, they could do with an economic boost, right? >> absolutely right. that's a lot of wings. thanks a lot. >>> after catching some flack for her national anthem performance at president obama's inauguration, beyonce certainly quieted critics
'll bring it to you in ten minutes. stick around for that. >>> an airline megamerger is taking flight. mandy drury is here with what's moving your money. >> they're getting together on valentine's day. well, this merger is going to cut down the number of major u.s. airlines now to four. you've got the new american, you'll have united, delta, and southwest. so everyone is kind of asking, what does that mean for me, the consumer. well, it potentially means higher prices, less competition, higher prices. we'll have to wait and see. also, richard, most airline mergers have resulted in a reduction of flights and also shrinkage at some hubs. but management is saying this is different because u.s. airways and american overlap on just 12 routes. if you are a traveler, you will not notice immediate changes. it is likely going to be months for example, the frequent flier miles are combined and years before the two airlines are integrated. in other words, don't panic. >> not yet. >> we'll move from the world's largest airline to automobiles, and you've got news on what is the most dependable. >> yeah.
Search Results 0 to 17 of about 18 (some duplicates have been removed)